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raises food commodity prices, and leads to a rise in food, energy and core inflation, and to a persistent fall in real GDP …We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First …) in a standard vector autoregression (VAR) model, and we estimate the dynamic effects of global food commodity supply …
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This paper investigates the determinants of credit spreads (levels and changes) via credit derivatives, using an Australian sample. We incorporate a number of different relationships to assess the contributions of various market-wide and firm-specific factors in determining levels, and changes...
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This paper shows that FED policy announcements lead to a significant increase in international co-movement in the cross-section of equity and particularly sovereign CDS market. The effect is strongest for emerging markets, when the FED relaxes unconventionary monetary policies, and for countries...
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